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FEATURED ARTICLES ABOUT SBH - PAGE 4

NEW DELHI: Credit rating agency ICRA on Friday tied-up with the State Bank of Hyderabad (SBH) to assign rating to bank loans. The rating agency will also provide special rates from the potential and existing borrowers of State Bank of Hyderabad for ratings, the rating agency said in a release. "ICRA will assign ratings to the bank's loans and its other exposures under the standardised approach of RBI's New Capital Adequacy Framework for Basel-II", it said.

HYDERABAD: State Bank of Hyderabad (SBH), the largest associate bank of country's largest lender State Bank of India (SBI), sees pressure on net interest margin (NIM) during current fiscal largely on account of interest rate cuts, said managing director M. Bhagavantha Rao . The bank, which posted a growth of 19.71% in advances at Rs 78,337 crore and 11.19% in deposits at Rs 1.01 lakh crore during fiscal ended March 2012, expects NIM to see a dip of at least 20 basis points at around 3.25% from the existing 3.47%.

BANGALORE: State Bank of Hyderabad has revised interest rates on NRE and FCNR term deposits with effect from November 2. NRE term deposit rates have been revised upwards to 5.20%, 5.40% and 5.40% per annum for deposit periods of one year to less than two years, two years to less than three years and three to five years respectively. Interest rates on FCNR deposits have been increased uniformly across all currencies and deposit period bands. The interest rate band for deposits in US dollars is 4.48-4.

HYDERABAD: State Bank of Hyderabad on Wednesday announced the extension of special interest rates for Home and car loans. According to the bank, the interest rates for home loans will continue to be at 8.5 per cent for the first year and 9.25 per cent (floating) for the second and third years for loan upto Rs 50 lakh and 9.5 per cent (floating) for the second and third years for loans above Rs 50 lakh. From the fourth year onwards the rate is linked to Base Rate which effectively works out to be 9.75 per cent for loans upto Rs 50 lakh and 10.75 per cent for loans above Rs 50 lakh at present.

HYDERABAD: In what may be a precursor to the possible revamp in regional rural banks (RRBs) segment, a section of sponsor banks has envisaged interest in merging the RRBs promoted by them in order to bring down the overhead costs. Interestingly, some of the sponsor banks have also shown interest in cross-merger of RRBs between two different sponsor banks. Top officials in the banking industry told ET that Andhra Bank, State Bank of Hyderabad (SBH) and Indian Bank have shown interest in merging the RRBs promoted by them.

HYDERABAD: State Bank of Hyderabad on Wednesday announced the extension of special interest rates for Home and car loans. According to the bank, the interest rates for home loans will continue to be at 8.5 per cent for the first year and 9.25 per cent (floating) for the second and third years for loan upto Rs 50 lakh and 9.5 per cent (floating) for the second and third years for loans above Rs 50 lakh. From the fourth year onwards the rate is linked to Base Rate which effectively works out to be 9.75 per cent for loans upto Rs 50 lakh and 10.75 per cent for loans above Rs 50 lakh at present.

HYDERABAD: The State Bank of Hyderabad has netted a Rs 77-crore profit for the third quarter ended December '02. The bank managed to recover Rs 2.3 crore of NPAs ? after issuing notices to defaulting borrowers under the Securitisation Ordinance Act ? during the period. On a quarter on quarter basis, the total income of the bank has improved by 11%, while the expenditure increased by 3.8%. The gross profit for the quarter stood at Rs 167.6 crore, recording a growth of 35.2% form the previous quarter.

HYDERABAD: State Bank of Hyderabad (SBH), the largest associate entity in the State Bank Group, has posted 81.02 per cent increase in net profit to Rs 128.76 crore for Q2 of the current fiscal against Rs 71.13 crore in the corresponding period of last year. During the half-year ended September 30, SBH has recorded a net profit of Rs 207.08 crore, up 46.37 per cent over the same period of the previous year, Amitabha Guha, Bank's Managing Director, told newspersons here on Monday.

HYDERABAD: State Bank of Hyderabad (SBH), the largest associate entity in the State Bank Group, has posted 81.02 per cent increase in net profit to Rs 128.76 crore for Q2 of the current fiscal against Rs 71.13 crore in the corresponding period of last year. During the half-year ended September 30, SBH has recorded a net profit of Rs 207.08 crore, up 46.37 per cent over the same period of the previous year, Amitabha Guha, Bank's Managing Director, told newspersons here on Monday.

HYDERABAD: Public sector lender the State Bank of Hyderabad's net profit for the quarter ended September 30, 2011 dipped 12.25 percent at Rs 232.04 crore compared to the corresponding period previous fiscal owing to the higher NPAs. However, the bank's total income for Q2 grew by around 32.7 per cent at Rs 2821.9 crore compared to Rs 2,127 crore in the corresponding period last fiscal. "The drop in the net profit is because of the increased provision the bank made owing to the increasing non- performing assets.